NEW PROJECTS

Adlabs Snow ParkAdlabs Entertainment has introduced its new Imagica Snow Park along side MumbaiPune expressway in Khopoli area. The newly built park, spread over 30,000sqft, is a joint venture with Acme Entertainment. The park has a 50ft high snow dome, subzero temperature zone and 100% real snowfall. The park can handle one batch 400 visitors at one time for a session of 45 minutes.

Suzuki Motor’s Gujarat plantSuzuki Motor’s newly constructed manufacturing facility in Gujarat will begin operation in 2017, and Baleno hatchback would be the first model to be manufactured in the plant. The new production hub, with a total manufacturing capacity of 750,000 vehicles per year, is spread over 640 acres. The subsidiary will sell its vehicles exclusively to Marurti Suzuki. Suzuki Motor is also planning to export Baleno to over 100 countries from India. At the new plant in Gujarat, the company had invested about `25 billion to lay first assembly line, which is aimed at reaching sales target of two million units through 2020.

Lulu to invest in IndiaThe Lulu group has announced plans to make `5,000 crore investment in India during the next four years mainly to establish shopping malls and mega shopping complexes across the major cities in South India, including Bengaluru Chennai, Thiruvananthapuram and Hyderabad. The company is also looking to invest `2,700 crore for setting up 12 hypermarkets in various cities of Saudi Arabia, making the total number of its hypermarket to 26 in Saudi region.

ESIC to renovate hospitalEmployees State Insurance Corporation (ESIC) has announced plans to renovate its ESI hospital at Bhubaneswar, Odisha. Total cost of renovation is estimated at `664.9 million for various works pertaining to change in basic infrastructure. The renovation work is expected to be completed by August 2016.

Foods plant at TelanganaBasavashakti Ready Foods, owned by Patil Group, is building a readymade food production unit with a capacity of 500 kgs/hr. The new unit, located in Zaheerabad in Medak district of Telangana will produce staple foods. The construction for the new plant is expected to be completed in 2016.

Tata Steel unit at OdishaTata Steel at Jajpur district of Odisha has commissioned a new unit to produce granulated pig iron at its Kalinganagar steel plant. The plat started production in March 2016.

New Duet India hotel in ChennaiDuet India Hotels has inaugurated its new hotel ‘Holiday Inn Express Chennai Old Mahabalipuram Road’ at Rajiv Gandhi Salai in Kanchipuram district of Tamil Nadu in April 2016. The new eight-storey building has 136 rooms and will be managed by Intercontinental Hotels Group. The new hotel has various amenities including restaurant, health & fitness centre and business centre.

New Hyatt hotel in ChandigarhHyatt Hotels Corporation has launched its new hotel ‘Hyatt Regency Chandigarh’ in April 2016 at the Industrial and Business Park area. The property has 211 guest rooms, three restaurants including multi-cuisine three-meal restaurant, Lobby Cafe and Italian restaurant, bar, over 36,000sqft of meeting and event hall. New bar, restaurant and spa are also expected to come up by June 2016.

Yokogawa plant commissioned Yokogawa India, a wholly owned subsidiary of Yokogawa Electric Corporation, has commissioned pressure transmitter manufacturing unit at Bengaluru in March 2016. The company is targeting an annual production of 100,000 units by fiscal year 2020.

Refinery expansionGodavari Biorefineries has commissioned an expansion of its dehydrated ethanol (fuel grade) manufacturing unit at Village Sameerwadi, dist. Bagalkot, Karnataka in March 2016. The unit now has the capacity to make 50 million lt/yr of fuel grade ethanol, up from 15 million lt/yr. The facility will use byproducts of the company’s sugar manufacturing process as raw material.